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Side-by-side financial comparison of Atmos Energy (ATO) and CALERES INC (CAL). Click either name above to swap in a different company.

Atmos Energy is the larger business by last-quarter revenue ($1.3B vs $790.1M, roughly 1.7× CALERES INC). Atmos Energy runs the higher net margin — 30.0% vs 0.3%, a 29.7% gap on every dollar of revenue. On growth, Atmos Energy posted the faster year-over-year revenue change (14.2% vs 6.6%). CALERES INC produced more free cash flow last quarter ($-12.4M vs $-725.3M). Over the past eight quarters, CALERES INC's revenue compounded faster (6.5% CAGR vs -9.7%).

Atmos Energy Corporation, headquartered in Dallas, Texas, is one of the United States' largest natural-gas-only distributors, serving about three million natural gas distribution customers in over 1,400 communities in nine states from the Blue Ridge Mountains in the East to the Rocky Mountains in the West.

Caleres Inc. is an American footwear company that owns and operates a variety of footwear brands. Its headquarters is located in Clayton, Missouri, a suburb of St. Louis. The company was founded in 1878 as Bryan, Brown & Company in St. Louis, though it underwent several name changes. The Hamilton-Brown Shoe Company was the largest manufacturer of shoes in America in the early 20th century, but it went bankrupt in June 1939.

ATO vs CAL — Head-to-Head

Bigger by revenue
ATO
ATO
1.7× larger
ATO
$1.3B
$790.1M
CAL
Growing faster (revenue YoY)
ATO
ATO
+7.5% gap
ATO
14.2%
6.6%
CAL
Higher net margin
ATO
ATO
29.7% more per $
ATO
30.0%
0.3%
CAL
More free cash flow
CAL
CAL
$712.9M more FCF
CAL
$-12.4M
$-725.3M
ATO
Faster 2-yr revenue CAGR
CAL
CAL
Annualised
CAL
6.5%
-9.7%
ATO

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
ATO
ATO
CAL
CAL
Revenue
$1.3B
$790.1M
Net Profit
$403.0M
$2.4M
Gross Margin
41.8%
Operating Margin
38.3%
1.5%
Net Margin
30.0%
0.3%
Revenue YoY
14.2%
6.6%
Net Profit YoY
14.5%
-94.2%
EPS (diluted)
$2.44
$0.07

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ATO
ATO
CAL
CAL
Q4 25
$1.3B
$790.1M
Q3 25
$737.5M
$658.5M
Q2 25
$838.8M
$614.2M
Q1 25
$2.0B
$639.2M
Q4 24
$1.2B
$740.9M
Q3 24
$657.9M
$683.3M
Q2 24
$701.5M
$659.2M
Q1 24
$1.6B
$697.1M
Net Profit
ATO
ATO
CAL
CAL
Q4 25
$403.0M
$2.4M
Q3 25
$174.9M
$6.7M
Q2 25
$186.4M
$6.9M
Q1 25
$485.6M
$4.9M
Q4 24
$351.9M
$41.4M
Q3 24
$134.0M
$30.0M
Q2 24
$165.6M
$30.9M
Q1 24
$432.0M
$55.7M
Gross Margin
ATO
ATO
CAL
CAL
Q4 25
41.8%
Q3 25
43.4%
Q2 25
45.4%
Q1 25
60.0%
43.0%
Q4 24
80.1%
44.1%
Q3 24
45.5%
Q2 24
46.9%
Q1 24
62.1%
43.9%
Operating Margin
ATO
ATO
CAL
CAL
Q4 25
38.3%
1.5%
Q3 25
29.8%
1.4%
Q2 25
30.1%
1.9%
Q1 25
32.2%
1.2%
Q4 24
39.1%
7.7%
Q3 24
28.1%
6.2%
Q2 24
31.4%
6.5%
Q1 24
33.4%
4.4%
Net Margin
ATO
ATO
CAL
CAL
Q4 25
30.0%
0.3%
Q3 25
23.7%
1.0%
Q2 25
22.2%
1.1%
Q1 25
24.9%
0.8%
Q4 24
29.9%
5.6%
Q3 24
20.4%
4.4%
Q2 24
23.6%
4.7%
Q1 24
26.2%
8.0%
EPS (diluted)
ATO
ATO
CAL
CAL
Q4 25
$2.44
$0.07
Q3 25
$1.04
$0.20
Q2 25
$1.16
$0.21
Q1 25
$3.03
$0.17
Q4 24
$2.23
$1.19
Q3 24
$0.82
$0.85
Q2 24
$1.08
$0.88
Q1 24
$2.85
$1.56

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATO
ATO
CAL
CAL
Cash + ST InvestmentsLiquidity on hand
$367.0M
$34.0M
Total DebtLower is stronger
$9.6B
Stockholders' EquityBook value
$14.3B
$616.8M
Total Assets
$29.8B
$2.1B
Debt / EquityLower = less leverage
0.67×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATO
ATO
CAL
CAL
Q4 25
$367.0M
$34.0M
Q3 25
$202.7M
$191.5M
Q2 25
$709.4M
$33.1M
Q1 25
$543.5M
$29.6M
Q4 24
$584.5M
$33.7M
Q3 24
$307.3M
$51.8M
Q2 24
$674.6M
$30.7M
Q1 24
$262.5M
$21.4M
Total Debt
ATO
ATO
CAL
CAL
Q4 25
$9.6B
Q3 25
$8.9B
Q2 25
$8.9B
Q1 25
$8.4B
Q4 24
$8.4B
Q3 24
$7.8B
Q2 24
$7.8B
Q1 24
$7.4B
Stockholders' Equity
ATO
ATO
CAL
CAL
Q4 25
$14.3B
$616.8M
Q3 25
$13.6B
$613.3M
Q2 25
$13.4B
$605.2M
Q1 25
$13.1B
$599.0M
Q4 24
$12.8B
$598.3M
Q3 24
$12.2B
$606.1M
Q2 24
$12.2B
$570.3M
Q1 24
$11.6B
$560.6M
Total Assets
ATO
ATO
CAL
CAL
Q4 25
$29.8B
$2.1B
Q3 25
$28.2B
$2.2B
Q2 25
$27.7B
$1.9B
Q1 25
$27.0B
$1.9B
Q4 24
$26.5B
$2.0B
Q3 24
$25.2B
$2.0B
Q2 24
$24.9B
$1.9B
Q1 24
$24.0B
$1.8B
Debt / Equity
ATO
ATO
CAL
CAL
Q4 25
0.67×
Q3 25
0.66×
Q2 25
0.67×
Q1 25
0.64×
Q4 24
0.66×
Q3 24
0.64×
Q2 24
0.64×
Q1 24
0.64×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATO
ATO
CAL
CAL
Operating Cash FlowLast quarter
$308.1M
$-1.2M
Free Cash FlowOCF − Capex
$-725.3M
$-12.4M
FCF MarginFCF / Revenue
-54.0%
-1.6%
Capex IntensityCapex / Revenue
77.0%
1.4%
Cash ConversionOCF / Net Profit
0.76×
-0.50×
TTM Free Cash FlowTrailing 4 quarters
$-1.6B
$14.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATO
ATO
CAL
CAL
Q4 25
$308.1M
$-1.2M
Q3 25
$348.1M
$47.3M
Q2 25
$496.4M
$-5.7M
Q1 25
$922.9M
$28.7M
Q4 24
$282.0M
$-39.8M
Q3 24
$330.7M
$79.6M
Q2 24
$411.2M
$36.1M
Q1 24
$746.6M
$43.0M
Free Cash Flow
ATO
ATO
CAL
CAL
Q4 25
$-725.3M
$-12.4M
Q3 25
$-615.5M
$35.0M
Q2 25
$-370.6M
$-26.2M
Q1 25
$83.3M
$18.0M
Q4 24
$-609.2M
$-57.4M
Q3 24
$-477.3M
$68.5M
Q2 24
$-302.4M
$26.3M
Q1 24
$100.7M
$32.4M
FCF Margin
ATO
ATO
CAL
CAL
Q4 25
-54.0%
-1.6%
Q3 25
-83.5%
5.3%
Q2 25
-44.2%
-4.3%
Q1 25
4.3%
2.8%
Q4 24
-51.8%
-7.7%
Q3 24
-72.5%
10.0%
Q2 24
-43.1%
4.0%
Q1 24
6.1%
4.6%
Capex Intensity
ATO
ATO
CAL
CAL
Q4 25
77.0%
1.4%
Q3 25
130.7%
1.9%
Q2 25
103.4%
3.3%
Q1 25
43.0%
1.7%
Q4 24
75.8%
2.4%
Q3 24
122.8%
1.6%
Q2 24
101.7%
1.5%
Q1 24
39.2%
1.5%
Cash Conversion
ATO
ATO
CAL
CAL
Q4 25
0.76×
-0.50×
Q3 25
1.99×
7.05×
Q2 25
2.66×
-0.81×
Q1 25
1.90×
5.82×
Q4 24
0.80×
-0.96×
Q3 24
2.47×
2.66×
Q2 24
2.48×
1.17×
Q1 24
1.73×
0.77×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ATO
ATO

Distribution Segment$1.3B94%
Transportation Revenue$41.5M3%
Other$39.4M3%
Miscellaneous Revenue$2.8M0%

CAL
CAL

Brand Portfolio$383.7M49%
Landed Wholesale$148.1M19%
Wholesale E Commerce$75.0M9%
Ecommerce$68.8M9%
Stuart Weitzman Brand$45.8M6%
Landed Wholesale Ecommerce Drop Ship$30.6M4%
First Cost Wholesale$14.9M2%
Clt Brand Solutions$10.2M1%
License And Royalty$2.1M0%

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